Important events for the crypto market on November 13 from the economic calendar. As already written, today one of the key events of the week is consumer inflation in the USA. It will cause increased volatility at the moment, will affect the December decision of the US Federal Reserve on the interest rate.
- ❗️ 15:30 Kyiv time / 16:30 Moscow time / 18:30 Astana time - Core Consumer Price Index and US Consumer Price Index. Important for assessing the success of the US Federal Reserve's fight against inflation. Will influence the December rate decision.
- 15:30 Kyiv time / 16:30 Moscow time / 18:30 Astana time - Speech by US Federal Reserve member Kashkari (a member with “hawkish” rhetoric without the right to vote).
- 16:30 Kyiv time / 17:30 Moscow time / 20:00 Astana time - Speech by US Federal Reserve member Williams (a member with “dovish” rhetoric and the right to vote).
- 21:00 Kyiv time / 22:00 Moscow time / 00:00 new day Astana time - US Federal Budget Execution Report for October. Volatility - only deviation from expectations.
The consensus forecast of banks was collected in the#WSJarticle - this is an increase in inflation from 2.4% to 2.6%.
Accordingly, this expectation is already included in the prices of risky assets. If the level is lower, it may cause a pump on them. Higher - a continuation of the decline in the price of#BTCand other assets.
#QCPCapital analysts write that new consumer inflation data could have a “significant” impact on the US Federal Reserve’s next interest rate decision.
And #CNBC, following other media outlets, reports that markets are already starting to price in fewer interest rate cuts in 2025 due to Trump’s victory.
